This survey discusses behavioral and experimental macroeconomics, emphasizing a
complex systems perspective. The economy consists of boundedly rational heterogeneous …

This paper reviews the recent development and new findings of the literature on learning-to-
forecast experiments (LtFEs). In general, the stylized finding in the typical LtFEs, namely the …

We introduce a generalization of the Beauty Contest (BC) game as a framework that
incorporates different models from micro-and macroeconomics by formulating their reduced …

We study the emergence of bubbles in a laboratory experiment with large groups of
individuals. The realized price is the aggregation of the forecasts of a group of individuals …

Natural gas plays important role in the global energy sources, hence understanding its price
behavior is important to various economic agents. This study examined whether rational …

This paper provides original empirical evidence on the emerging practice by central banks
of communicating uncertainty in their inflation projections. We compare the effects of point …

We study the role of investor experience in the formation of asset price bubbles. We conduct
a call market experiment in which participants trade assets with each other and a learning-to …

Establishing the external validity of experimental inflation forecasts is essential if laboratory
experiments are to be used as decision-making tools for monetary policy. Our contribution is …

This paper introduces a learning-to-forecast laboratory experiment based on a New-
Keynesian macroeconomy that is particularly close to the model's microfoundations. In this …

We run a learning-to-forecast experiment with an interest rate policy in which the interest
rate will increase/lower sharply when the deviation of asset prices from the fundamental …